Why First Solar, SunPower YieldCo Is Like Coke And Pepsi Coming Together 0

sunpower yieldco

sunpower yieldcoLong-time rivals SunPower Corporation and First Solar, Inc. surged after the two rivals announced that they had formed a YieldCo.

Raymond James analyst Pavel Molchanov compared this YieldCo to Duke working with North Carolina or The Coca-Cola Co working with PepsiCo, Inc.

“It’s very unusual to have collaboration of this kind between two of the world’s largest solar developers, which have historically been rivals,” Molchanov told Benzinga. “[They’re] two of the biggest rivals in the solar industry. It’s an intriguing announcement, obviously, and very bullish for both stocks.”

Molchanov noted that First Solar had previously said that it decided against a YieldCo.

“First Solar actually made a U-turn on this issue, because it seemed like they did not want to do it,” Molchanov explained. “SunPower was interested all along. I was expecting SunPower to do a YieldCo, but not together with First Solar.”

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